Will Jobs Data Hold the Key for a Fed Rate Hike?
Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Treasuries retreated in the first full day of trading since Fed Chair Janet Yellen said late Friday that the improving economy meant a rate increase would probably be in order “in the coming months.” Investors are awaiting U.S. jobs data for May, scheduled for release on Friday, as they seek further evidence of the U.S. being prepared for a borrowing cost hike. The increase in nonfarm payrolls is expected to come in at 160,000. Bank of America Merrill Lynch Chief European Economist Gilles Moec discusses with Bloomberg's Mark Barton on "The Pulse."
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11:43 - Singapore Minister-in-charge of the Smart Nation Initiative Vivian Balakrishnan discusses the country's "smart nation" push. He speaks with Haslinda Amin on "Bloomberg Daybreak: Asia." (Source: Bloomberg)